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Rice basmati weakens on subdued demand

Rice basmati weakens on subdued demand
Highlights

In restricted activity, rice basmati prices fell by Rs 100 per quintal at the wholesale grains market today owing to slackened demand.

NEW DELHI: In restricted activity, rice basmati prices fell by Rs 100 per quintal at the wholesale grains market today owing to slackened demand.

However, other grains held steady in thin trade.Traders said muted demand against adequate stocks position mainly weighed on rice basmati prices.

In the national capital, rice basmati common and Pusa-1121 variety moved down by Rs 100 each to Rs 8,200-8,300 and Rs 6,900-7,000 per quintal, respectively.

Following are today's quotations (in Rs per quintal):

Wheat MP (desi) Rs 2,080-2,280, Wheat dara (for mills) Rs 1,795-1,800, Chakki atta (delivery) Rs 1,805-1,810, Atta Rajdhani (10 kg) Rs 260-300, Shakti Bhog (10 kg) Rs 255-290, Roller flour mill Rs 960-970 (50 kg), Maida Rs 990-1,000 (50 kg)and Sooji Rs 1,050-1,060 (50 kg).

Basmati rice (Lal Quila) Rs 10,700, Shri Lal Mahal Rs 11,300, Super Basmati Rice Rs 9,800, Basmati common new Rs 8,200-8,300, Rice Pusa (1121) Rs 6,900-7,000, Permal raw Rs 2,325-2375, Permal wand Rs 2,375-2,425, Sela Rs 2,800-3,000 and Rice IR-8 Rs 1,975-2,025, Bajra Rs 1,200-1,205, Jowar yellow Rs 1,375-1,425, white Rs 2,750-2,850, Maize Rs 1,350- 1,355, Barley Rs 1,470-1,480.

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